Aventine Renewable Energy resumes work on ethanol facility in US
Aventine Renewable Energy has resumed work on its ethanol plant which is being built in the US state of Illinois.
Aventine Renewable Energy CEO John Castle said the company has secured the critical third-party support necessary for the commissioning process.
"Additionally, we currently have about $50m of combined cash and availability under our revolver" added Castle.
In September 2011, the company announced a delay in starting-up the plant due to uncertainty surrounding its ability to secure critical third-party technical and engineering support.
Work on the integrated boiler system and co-gen unit, which supplies the necessary energy for the plant, is expected to begin in March 2012.
Production is expected to commence in the same year.
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